Join our daily newsletter At The Bell to receive exclusive market insights
- Meeka Gold (MEK) begins follow-up drilling at its Circle Valley gold project in the Albany Fraser belt of Western Australia
- Last year’s drilling results and surface gold-in-soil sampling indicates a 1.2-kilometre by 400-metre zone of gold anomalism at Anomaly A
- Meeka is undertaking a 7000-metre program comprising aircore and reverse circulation drilling to test extensions to this mineralised footprint
- Geophysic and geochemistry professionals have also been engaged to review end-of-hole multi-element geochemistry which will assist the exploration work
- Shares have been trading steady at 4.3 cents each
Meeka Gold (MEK) has begun follow-up drilling at its Circle Valley gold project in the Albany Fraser belt of Western Australia.
Last year, the company completed a reconnaissance aircore drilling program at the project and intercepted broad zones of gold mineralisation at Anomaly A.
Results included 12 metres at 1.05 grams per tonne (g/t) gold within a 23-metre intersection of 0.64 g/t gold, as well as four metres at 1.49 g/t gold within 24 metres at 0.38 g/t gold from 12 metres down-hole.
In conjunction with the results, Meeka said surface gold-in-soil sampling indicates a 1.2-kilometre by 400-metre zone of gold anomalism.
The current 7000-metre drill program consists of aircore and reverse circulation drilling, and has been designed to test for strike and depth extensions to this mineralised footprint.
Additionally, the end-of-hole multi-element geochemistry points to pathfinder elements similar to the style seen at the recently discovered and developed Tropicana gold mine by joint venture partners AngloGold Ashanti (AGG) and Regis Resources (RRL).
The company has engaged a team of geophysic and geochemistry professionals to review data and provide a clearer understanding of the mineralisation and its controls. Meeka is using this approach to assist in guiding its exploration.
Shares were trading steady at 4.3 cents each as of 1:59 pm AEDT.
